That blue line is a level price bounced off from many times, on daily it's also a liquidity gap so I suppose there'll be a reaction there. Should price drop a lot it can go below in that zone but I don't think since SOL is among the most bullish coins around, however I proposed it as "second scenario".
Moreover if weekly closes like this I still see a push forward before the dump and that's why I've drawn this trajectory with a new high before going down.
In general the entire market looks like it's consolidating before another push.... damn bullish sentiment, I need to add my last buys to my bag!
If you wanna add more on your SOL bag or if you wanna buy some I suppose 48 USDT is a reasonably safe price.
Moreover if weekly closes like this I still see a push forward before the dump and that's why I've drawn this trajectory with a new high before going down.
In general the entire market looks like it's consolidating before another push.... damn bullish sentiment, I need to add my last buys to my bag!
If you wanna add more on your SOL bag or if you wanna buy some I suppose 48 USDT is a reasonably safe price.